Money Investing megathread extravaganza - Page 951

Originally Posted by lewdog:
Wrong. Annual rate is 41.44%, not monthly. 3.27% monthly. It's in your link.

Want to know what owning AMZN stock returned you in the past year? 46.86%.

This AMZY dividend minus the share price loss was 41.44% - 2.56% (share price loss) for total return of 38.88%

https://www.yieldmaxetfs.com/our-etfs/amzy/

Total return are all that matters when you are young and focusing on dividends for a young investor like your daughter is NOT the recipe for success. She needs growth and she should focus on total return.

:-)
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Originally Posted by Hog's Gone Fishin:
:-)

It doesn’t pay 41% per month, your post made it sound like that. You agree?
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For a dividend stock Blue Owl Cap Corp (OBDC) is a good one.
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Originally Posted by lewdog:
It doesn’t pay 41% per month, your post made it sound like that. You agree?

NO, Only a Moran would think that! The link was attached anyway . And my daughter uses her AMZY dividends to buy AMZN as well as more AMZY.

If you don't have the dividend income you have to rely on a paycheck from a JOB to buy stock.
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Originally Posted by philfree:
For a dividend stock Blue Owl Cap Corp (OBDC) is a good one.

10% Yield and pays qtrly at 1.48 per year. Pass

https://www.nasdaq.com/market-activi...vidend-history

AMZY/YMAG are much better options
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Originally Posted by Hog's Gone Fishin:
NO, Only a Moran would think that! The link was attached anyway . And my daughter uses her AMZY dividends to buy AMZN as well as more AMZY.

If you don't have the dividend income you have to rely on a paycheck from a JOB to buy stock.

Ok, thank you for qualifying.

PS I still love you even though we will never agree about dividends.
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Originally Posted by lewdog:
Ok, thank you for qualifying.

PS I still love you even though we will never agree about dividends.

Do you have an issue with dividend stocks in general or just investments like AMZY?
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Interestingly, my 3M stock purchase worked out. I'm currently up 53% and have booked 2 quarterly dividends. That's probably the best I've ever done on an individual stock purchase. Obviously my long term index holds are up more than that over time, but I'm pretty happy with the stock pick.

Now I need to figure out if I should sell it or turn DRIP on and let it go. If I can get things wound down in the next couple weeks, I'll look into the company a little more.

Full disclosure, my pussy ass only bought 2 shares, but I'm still marking it down as a win.
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